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Feb 5, 2013
02/13
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india, they like the demographics better than china. is there a broader message to take away from all of this? >> it may we bell. their population, i'll tell you what, seven years away. >> and we're talking about worker shortages within a couple of decades. >> the reports are amazing. >>> coming up, is bigger really better? we're not still talking about fast food. finding out if the market has the appetite for apple's new beefier ipad. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com >>> you're watching "worldwide exchange." >>> welcome back to the program. these are your headlines. bp beats estimates in the fourth quarter as it prepares for a crucial trial on the gulf of mexico oil spill. >> ubs posts a fourth quarter loss. restructuring charges, but the shortfall is less than expected. >> and the u.s. files a civil suit
india, they like the demographics better than china. is there a broader message to take away from all of this? >> it may we bell. their population, i'll tell you what, seven years away. >> and we're talking about worker shortages within a couple of decades. >> the reports are amazing. >>> coming up, is bigger really better? we're not still talking about fast food. finding out if the market has the appetite for apple's new beefier ipad. >> with hotwire's low...
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Feb 27, 2013
02/13
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exports of venezuelaas to china -- venza will ship to china. toyota expects to be exporting 150,000 vehicles a year from the u.s. by 2014. 20% more than last year as demand by nouveau-rich consumers grow in these nations. back to you, ross. >> all right. thanks for that. >>> welcome to bizarre-o world. dennis rodman is in north korea. the former nba star arrived in pang young along with harlem globetrotters in tow to film a tv documentary. the trip hasn't been a total slam-dunk. rodman could have gotten his careers mixed up. he tweeted he might run to the "gangnam style" dude. they might have a north korean version, one never knows. if they do, i'd like to see it. >>> let's look at what's on the agenda in asia tomorrow. besides dennis rodman. as we mentioned, japan's government will present its nominees for central bank government deputies to parliament with all signs pointing to a new head of bank upon japan. >>> new delhi becomes the latest government to try promoting growth while balancing the books. >>> and china, everbright, shk properties
exports of venezuelaas to china -- venza will ship to china. toyota expects to be exporting 150,000 vehicles a year from the u.s. by 2014. 20% more than last year as demand by nouveau-rich consumers grow in these nations. back to you, ross. >> all right. thanks for that. >>> welcome to bizarre-o world. dennis rodman is in north korea. the former nba star arrived in pang young along with harlem globetrotters in tow to film a tv documentary. the trip hasn't been a total slam-dunk....
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Feb 15, 2013
02/13
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the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were saying around th
the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared...
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Feb 8, 2013
02/13
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we'll have more on what investors can expect from china in the coming year of the snake. >> also, china has been less vocal about the rise on the yen from than other countries. but beijing is taking action of its own to head off unwanted pressure to appreciate. find out more about china quietly joining the currency wars on cnbc.com. >>> and in australia, a cocktail of slowing mining investments, government spending cuts and the high aussie dollar has been crimping the economy a bit. chi slower growth. they're leaving the door open for more rate cuts if they are needed. >>> the french budget minister has hinted at a possible stake in peugeot. it will write down assets by 4.1 billion euros. stephane joins us from paris with the very latest. i can tell you how this is going to go. the french are nationalizing something again. is this really the best move for this ailing car measure? >> this will be the last resort option. this is clear what the budget minister said this morning. he indicated that the government would buy a stage in peugeot citron when the carmaker would launch a capital hi
we'll have more on what investors can expect from china in the coming year of the snake. >> also, china has been less vocal about the rise on the yen from than other countries. but beijing is taking action of its own to head off unwanted pressure to appreciate. find out more about china quietly joining the currency wars on cnbc.com. >>> and in australia, a cocktail of slowing mining investments, government spending cuts and the high aussie dollar has been crimping the economy a...
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Feb 11, 2013
02/13
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i think what's changed is what china is -- what is helping china grow. and he can what we are seeing and is this shift from an export and property investment led growth model to one more reliant on domestic demand. now, of course, for brazil, it was the commodities access that's key. it's key for its equity markets. and, you know, i think that is the sort of change we're seeing in markets. you know, so i think commodities have not mirrored the right we've seen. >> some other risky assets in recent months and that's something we expect to stay in 2013 as china's growth engine shifts gears. >> mya, quickly, is columbia the new brazil? >> is colombia the new brazil? in what way? >> i guess in the sense of its general economic process specs, maybe appeal to the outside community. and maybe we aren't going to call it what would be the brix, but the rics. but are columbia's prospects on the way up? >> yes, they are, but i'm not sure i would compare colombia to brazil. very different markets. but i think colombia anticipation currency does strengthen like brazi
i think what's changed is what china is -- what is helping china grow. and he can what we are seeing and is this shift from an export and property investment led growth model to one more reliant on domestic demand. now, of course, for brazil, it was the commodities access that's key. it's key for its equity markets. and, you know, i think that is the sort of change we're seeing in markets. you know, so i think commodities have not mirrored the right we've seen. >> some other risky assets...
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Feb 6, 2013
02/13
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plans approved by china -- divide. plans approved by china says the rich might pay more. in companies, taxes could rise 20% by 2015. there's talk of giving savers a better return. it's for tilting toward more consumption than investment spending. >>> an expected pickup in china is giving a reason to be more optimistic after a challenging 2012. the company said the net loss widened to nearly $4 billion in the fourth quarter last year. but the biggest steelmaker by volume expects profits to pick up amidst improving conditions. in china alone the company sees the steel market growing 3%. and the stock up 2% as a result. >>> and syngenta trades are lower today. the company reported full-year net profit of $1.8 billion. that was ahead of a reuters forecast. it expects another record sales year citing strong commodity prices. so what a disappointment. carolyn roth is in zurich. is this a question of you meeting expectations, or is something else going on with the stock price? >> yeah, certainly a number of factors. first of all, let me point out that this stock has had a really
plans approved by china -- divide. plans approved by china says the rich might pay more. in companies, taxes could rise 20% by 2015. there's talk of giving savers a better return. it's for tilting toward more consumption than investment spending. >>> an expected pickup in china is giving a reason to be more optimistic after a challenging 2012. the company said the net loss widened to nearly $4 billion in the fourth quarter last year. but the biggest steelmaker by volume expects profits...
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Feb 21, 2013
02/13
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china's top retailer bel international fell 17% after a set profit for 2012 would be at the lower end of its forecast. elsewhere, south korea's kospi snapped a six-day winning streak, ending down 0.5%. steel measures took the worst hit. meanwhile, the asx 200 had its worst day since may last year losing 2.3%. the fed minutes and market talks on commodity fund liquidation took a toll on all the miners and oil majors ending well in the red. india's sensex slipped 1.7% today. back to you, kelly. >> sixuan, thank you very much for for that. not much green on that board behind her. u.s. markets yesterday were broadly in the red following the release of the fed minutes. it was, in fact, the worst day of the year for the s&p and nasdaq. the dow posted its biggest loss since february 4th, giving up about 108 points decline in the dow. energy and oil stocks are the worst hit. higher volatility, it jumped nearly 20% during the session. we wonder if that spread a lot of calls to patrick spencer, director of international sales. welcome. >> welcome. >> were investor egg loor phenomenon an sclus t
china's top retailer bel international fell 17% after a set profit for 2012 would be at the lower end of its forecast. elsewhere, south korea's kospi snapped a six-day winning streak, ending down 0.5%. steel measures took the worst hit. meanwhile, the asx 200 had its worst day since may last year losing 2.3%. the fed minutes and market talks on commodity fund liquidation took a toll on all the miners and oil majors ending well in the red. india's sensex slipped 1.7% today. back to you, kelly....
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Feb 19, 2013
02/13
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heavyweight banuc weighed on the market after a sharp drop in machine orders to china. fanuc showed positive results. financials continued to lose ground after the pboc drained liquidity from the markets for the first time in more than seven months. property measures tumbled some 4.8% on fears of more cooling measures. it's home prices continue to grow. meanwhile, hong kong and developers with significant mainland portfolio came under pressure weighing on the hang seng index which lost about 1% today. elsewhere, south korea's kospi ended higher by 0.2%. automakers staged a strong rebound while investors watch the yen and its impact on korean exporters. in australia, the central bank left the door open for more interest rate cuts. positive earnings news continued to lift sendment. india's sensex in action trading higher by 0.1%. back to you, ross. >> thanks for that. see you a little later, sixuan. >>> coming up on the program, htc is launching its news mobile divide in new york and london today. we will, in fact, chat with the ceo later. we will find out exactly what th
heavyweight banuc weighed on the market after a sharp drop in machine orders to china. fanuc showed positive results. financials continued to lose ground after the pboc drained liquidity from the markets for the first time in more than seven months. property measures tumbled some 4.8% on fears of more cooling measures. it's home prices continue to grow. meanwhile, hong kong and developers with significant mainland portfolio came under pressure weighing on the hang seng index which lost about 1%...
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Feb 25, 2013
02/13
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china will be doing pretty well. but other important decisions made during the congress will be inflation target. we think it will be lower to 3.5% which will require higher interest rate to meet the more ambitious target. we think china will be increasing their interest rates and in the first half will be pushing up money market rates to slow the housing market. a little bit of tightening and that should help the renminbi resume its appreciation against the u.s. dollar, especially one that the depreciatation of the yen stalls, we expect renewed gains and our target at the end of the year is 6.10. >> all right. darius, good to see you. thanks for that. >> thanks for having me. no problem. >> we're just over an hour and 30 minutes into trade in europe. around about 7 to 3, 7 to 2, advancers outpacing decliners at the moment. as far as the uk ftse 1 00 has been something of a laggard early today. it's up 0.7%. ibex and cac 40 up 0.5% respectively. now, as far as debt markets are concerned, really, the focus will be on
china will be doing pretty well. but other important decisions made during the congress will be inflation target. we think it will be lower to 3.5% which will require higher interest rate to meet the more ambitious target. we think china will be increasing their interest rates and in the first half will be pushing up money market rates to slow the housing market. a little bit of tightening and that should help the renminbi resume its appreciation against the u.s. dollar, especially one that the...
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Feb 18, 2013
02/13
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china, russia, they're buying as much as they can find. but here, china has been downplaying treasuries for more than a year. they used to be at 1.4 trillion, now they're at 1.1. this trend has been going for quite some time. what i'm thinking is that the momentum, you can get momentum in the trend because of the largest technicals. >> and on the fixed income side, how much more, you know, still looking for yield, how much more is it going to push prices? >> looking for yield? >> high yield, yeah. >> well, high yield, i think they've got to where they can be. i mean, there might be an additional tightening, but last year we invested into yield for moscow, the portfolio. this year we move out of a yield into equity because we think equity is more defensive play. whereas high yielder, there are signs into the bubble. one is the most important one of that 30% of the devaluation. >> income investors can't switch into equities. they'll keep going to where the yield is. >> or they'll move into cash. etf have already been seeing some outlook for
china, russia, they're buying as much as they can find. but here, china has been downplaying treasuries for more than a year. they used to be at 1.4 trillion, now they're at 1.1. this trend has been going for quite some time. what i'm thinking is that the momentum, you can get momentum in the trend because of the largest technicals. >> and on the fixed income side, how much more, you know, still looking for yield, how much more is it going to push prices? >> looking for yield?...
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Feb 20, 2013
02/13
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in in china had fallen. we're also getting -- foreign direct in china had fallen. we're also getting that they will have expanded property tax trial and implement property purchase limit. the shanghai composite addi adding .6% today, nearly 2,400. it was below the 2000 level last fall when iron ore prices bottomed out adding 18% over the past three months. china will take additional measures to curb property speculation. >>> in india, trade unions have begun a two-day strike in protest against the government's economic reforms. nearly a dozen unions plan to block transport links and disrupt state-run bank. the strikes come as the government aims to revive a flagging economy and avoid the threat of a down grade for india's credit rating. joining me exclusiveliy is uday kotak, managing director at kotak ma hintdra bank. thank you very much for joining us. we understand you had an investment conference drawing people from around the world. we're also learning that investment into china is falling. do you think global investors see india as the new china here? >> i thi
in in china had fallen. we're also getting -- foreign direct in china had fallen. we're also getting that they will have expanded property tax trial and implement property purchase limit. the shanghai composite addi adding .6% today, nearly 2,400. it was below the 2000 level last fall when iron ore prices bottomed out adding 18% over the past three months. china will take additional measures to curb property speculation. >>> in india, trade unions have begun a two-day strike in protest...
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Feb 1, 2013
02/13
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reaction to the china pmi. >> thank you, ross. investors, in fact, shrugged off the mixed signals for the two versions of the numbers for january. the shanghai composite rallied today and posted its best weekly gain in 15 months. brokerages surged some 3% to 15% on hopes of higher trading volumes. according to the latest survey, investors confidence in january jumped 24% on the month hitting the highest level in nearly two years. the hang seng trimmed early weakness to finish flat. the chinese state sealmakers summabled brought down by weaker than expected pmi data. in japan, the nikkei 225 gained for the 12th straight week, its longest rally since 1959. the yen continued to weaken on easing hopes. the softbank shares surged 5.7% after posting strong q3 earnings. shirk rose sharply on talks that it would post its first earnings in three quarters. elsewhere, the kospi finished marginally in the red. meanwhile, china helped fresh australia shares to a fresh 21-month high. india's sensex is now trading lower by 0.4%. on that note, ba
reaction to the china pmi. >> thank you, ross. investors, in fact, shrugged off the mixed signals for the two versions of the numbers for january. the shanghai composite rallied today and posted its best weekly gain in 15 months. brokerages surged some 3% to 15% on hopes of higher trading volumes. according to the latest survey, investors confidence in january jumped 24% on the month hitting the highest level in nearly two years. the hang seng trimmed early weakness to finish flat. the...
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Feb 14, 2013
02/13
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china is trying to spur domestic demand. i recently spoke with chinese financial markets expert michael pettit from peking university. we discussed beijing's challenge to move away from investment-led growth. we started off by talking about some of the most common misconceptions about investing in china right now. >> i think there's been a huge on change of opinion and people are recognizing that china's growth to date has been on an unsustained model and debt levels are growing very, very quickly. now there's more and more focus on debt, which i think is correct. the interesting thing for me st what kind of growth rates we get this year. so in the first half of the year, i think growth rates are going to be quite high because debt is growing very quickly. >> so you've been cautious on china for some time. we are seeing better growth rates, the stock markets have held up recently well. are you suggesting that this isn't legitimate growth? >> yeah. we know why china has been growing in the second half of the career. we're pre
china is trying to spur domestic demand. i recently spoke with chinese financial markets expert michael pettit from peking university. we discussed beijing's challenge to move away from investment-led growth. we started off by talking about some of the most common misconceptions about investing in china right now. >> i think there's been a huge on change of opinion and people are recognizing that china's growth to date has been on an unsustained model and debt levels are growing very,...
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Feb 12, 2013
02/13
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china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery, thanks very much. we should note the international response has been swift. you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, ac
china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery,...
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Feb 13, 2013
02/13
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china had the strongest growth with a 74% surge in january from a year ago. tata said total vehicle sales were less upbeat, down 16%, declining for the third month in a row. >>> and shares in american barrick gold are trading down, 8.5%. this after the mining company reported full-year earnings down 39% last year. that was worse than analysts expected. what's it mean? joining us is metals and mining analyst at citi. john, how important are these earnings for barrick gold? >> they are important because the problems of 2012 are continuing into 2013. the company's difficulties with the available of power in tanzania and they're about to use diesel power in one of their mines which pushed costs up to $1,000 an ounce. during a strike in 2012, part of the equipment froze up and jammed up. it will take a few months in 2013 to fix up. so the company has guided down significantly for 2013 compared to what analysts were expecting. >> is that a play where you look then at rivals and see them benefiting, or is it pretty much a warning sign for everyone operating in this
china had the strongest growth with a 74% surge in january from a year ago. tata said total vehicle sales were less upbeat, down 16%, declining for the third month in a row. >>> and shares in american barrick gold are trading down, 8.5%. this after the mining company reported full-year earnings down 39% last year. that was worse than analysts expected. what's it mean? joining us is metals and mining analyst at citi. john, how important are these earnings for barrick gold? >> they...
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Feb 26, 2013
02/13
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in china, the shanghai composite gave back early gains, ending lower by 1.4%. morning outperformers such as banks and brokerages turned into negative territories. developers were sold off heavily on worries of more tightening curves. railway stocks lost ground after banking is likely to merge china's ministry of railways into the ministry of transport. shares in hong kong were at 2013 lows, ending down by 1.3%. financials took the brunt of the selling as the situation in italy really hurt investor sentiment here in asia. elsewhere, weakness in financials dragged the south korea kospi lower by 0.5%. the shift builders tumbled, as well. down under, it's a brd based sell-off in australia. the asx 200 lost by poor domestic earnings. india's sensex closed for today's trading session, down 1.6%. back to you. >> marine while, italians woke up this morning to a state of paralys paralysis. apparently bersani won the lower house. beppe grillo won a quarter of the seat. that makes the five star the single biggest part. the former silvio berlusconi dismissed talks of a sec
in china, the shanghai composite gave back early gains, ending lower by 1.4%. morning outperformers such as banks and brokerages turned into negative territories. developers were sold off heavily on worries of more tightening curves. railway stocks lost ground after banking is likely to merge china's ministry of railways into the ministry of transport. shares in hong kong were at 2013 lows, ending down by 1.3%. financials took the brunt of the selling as the situation in italy really hurt...